Hong Kong SAR, China: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Hong Kong SAR, China

The Hong Kong market for wood pulp, excluding mechanical wood pulp surged to $X in 2022, growing by 22% against the previous year. Over the period under review, consumption showed a notable expansion. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Hong Kong SAR, China

In value terms, production of wood pulp, excluding mechanical wood pulp fell modestly to $X in 2022 estimated in export price. In general, production recorded a noticeable decline. The growth pace was the most rapid in 2021 when the production volume increased by 8.6% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Hong Kong SAR, China

Exports of wood pulp, excluding mechanical wood pulp from Hong Kong SAR dropped to X tons in 2022, declining by -11% on the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 240%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wood pulp, excluding mechanical wood pulp dropped to $X in 2022. Overall, exports recorded a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of 223% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), India (X tons) and Malaysia (X tons) were the main destinations of exports of wood pulp, excluding mechanical wood pulp from Hong Kong SAR, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +16.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wood pulp, excluding mechanical wood pulp exported from Hong Kong SAR were China ($X), India ($X) and Thailand ($X), together comprising 98% of total exports.

China, with a CAGR of +12.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, picking up by 2.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Hong Kong SAR, China

Imports of wood pulp, excluding mechanical wood pulp into Hong Kong SAR surged to X tons in 2022, with an increase of 28% compared with the year before. Overall, imports showed a tangible increase. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp skyrocketed to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 96% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Portugal (X tons) and Canada (X tons) were the main suppliers of imports of wood pulp, excluding mechanical wood pulp to Hong Kong SAR, with a combined 49% share of total imports. Chile, Vietnam, the United States, Brazil and Finland lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +216.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood pulp, excluding mechanical wood pulp suppliers to Hong Kong SAR were Sweden ($X), Portugal ($X) and Canada ($X), together accounting for 48% of total imports. Chile, Vietnam, the United States, Brazil and Finland lagged somewhat behind, together accounting for a further 11%.

Chile, with a CAGR of +219.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood pulp, excluding mechanical wood pulp amounted to $X per ton, shrinking by -2.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 41%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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